And this is why...
We own Berkshire Hathaway.
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As the US hurricane season begins, Omaha, Nebraska-based Berkshire is increasing its property and casualty sales just as rivals scale back. Buffett's prices are as much as 20 times higher than the rates prevalent a year ago, said Kevin Madden, an insurance broker at Aon Corp in New York. On some policies, premiums equal half of its maximum potential payout, he said.
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